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Old 11-09-2019, 03:00 PM   #44
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Join Date: Nov 2006
Posts: 7,456
yes frs is increasing, but so is our starting salary. if they increase in tandem, our kids can still hit frs.

the other problem is the max contribution. at the moment it is based on 6k * 15 months a year, or 37k a year. if they do not increase this number in the future, our kids may not be able to hit the frs.
It's actually 6k x 17 months a year - 12 months OW and 5 months AW.

I don't think govt's intention is to let you hit FRS purely on salary contributions. They want you to do OA-SA transfers or SA topups. It also took many years before the ceiling was revised. 5k in 2004, then back to 6k 11 years later. It could take another 10 years to increase to 7k.
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